FBR updates, income tax, budgets and markets for Pakistan
Federal Board of Revenue (FBR) issued a press release. Where FBR has issued a denial on a news item published in Daily Business Recorder. FBR explained that the meeting was conducted under…
According to the State Bank of Pakistan (SBP), this is an increase of 212$ million in March. Arrivals have been accelerating every month since the launch of the Roshan Digital Account (RDA)…
Hammad Azhar, addressing his first press conference after taking on the most difficult task of reviving the national economy. Hammad Azhar told his government would take the State Bank of Pakistan (SBP)…
According to media reports, a meeting of the Federal Cabinet was held under the chairmanship of Prime Minister Imran Khan in which the Prime Minister was present through video link. The meeting…
While addressing a press conference at the 'Press Information Department (PID)' today Mr Hammad Azhar said, "Pakistan will also open the trade of cotton with India." Hammad Azhar also explained that this…
On Tuesday, as per the FBR guidelines issued to all IR offices. Despite this fact it has been observed with concern. That IR field formations applied for leave approval including ex-Pakistan leave…
According to the central bank, SBP's flagship initiative provides an easy, fast, low-cost, interconnected and secure electronic payment platform for quick processing of high-volume retail payments. The country's first instant payment system…
The meeting chaired by Board Chairman Allauddin Ferista. Along with the President and Chief Executive Officer and other members of the Board of Directors were also present. In 2020, the bank posted…
Employee's tax refers to that tax which required to deduct by an employer from the amount of salary or remuneration paid by employer or payable or accrue by an employer. This process…
1 Fruit juices and vegetable juices2 Ice Cream.3 Aerated waters or beverages.4 Syrups and squashes.5 Cigarettes.6 Toilet soap7 Detergents8 Shampoo9 Toothpaste10 Shaving cream11 Perfumery and cosmetics14 Tea15 Powder drinks16 Milky drinks17 Toilet…
Dr Raza Baqir graduated from Harvard University. After this he obtained a PhD in economics at the University of California Berkley. Before his current position as Governor, State Bank of Pakistan. Dr…
A complete list of tax tips issued by the Inland Revenue Service (IRS) of USA regarding coronavirus (COVID-19) tax reliefs and Economic Impact Payments for ready reference. IRS | Inland Revenue Service…
Implementation of Trace and Track system introduced by FBR is no doubt very important step of government and FBR. From the start of its development it has become controversial. The contract awarded…
The PTBA in a letter to FBR Chairman Muhammad Javed Ghani informed that the last date for updating taxpayers’ profile under section 214 of Income Tax Ordinance, 2001. It made compulsory for…
According to the details, the government has decided to abolish 140 billion income tax exemption. These end of exemptions are on the condition of the International Monetary Fund (IMF). For which a…
The monetary policy statement issued by the SBP said that the interest rate has been maintained at 7%. Further said, the production of major industries is increasing, international crude oil prices have…
The eligible candidates candidates can apply for the Kamyab Kawan loan by visiting website at www.kamyabjawan.gov.pk/BankForm/newApplicantForm. All the eligible candidates including Men / Women or Transgender can apply to run their own…
As per the latest data released by the State Bank of Pakistan (SBP), the workers' remittances enhanced by 24.17 percent as compared to the same month in last year 2020. On a…
During search operation, a truck load of record of various businesses, invoices and hundreds of stamps. They used this stuff in generation of fake invoices confiscated. So far, it appears that the…
Explaining the media reports regarding the recently introduced draft SBP Amendment Act 2021, the Finance Ministry said that it is a misconception that SBP is allowed unabatedly to share financial or non-financial…